A company pays Rs 60,000 a month for 12 months as machinery rent. Total TDS under 194-I?
ARs 14,400
BRs 72,000
CRs 7,200
DRs 1,44,000
Answer & Solution
Correct answer: A. Rs 14,400
Annual rent of Rs 7,20,000 at the 2 percent plant and machinery rate gives Rs 14,400.
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